https://www.taxtmi.com/acts?id=39738 A specified bank must compute the total income of a specified senior citizen after allowing Chapter VI-A deductions and the section 87A rebate, and deduct income-tax at the rates in force; the senior citizen need not file a return under section 139 for the assessment year in which tax is so deducted. A specified senior citizen is a resident individual aged seventy-five or more, receiving pension and only interest from accounts in the same specified bank, who has furnished the prescribed declaration; a specified bank is a notified banking company. en-us Thu, 01 Apr 2021 14:18:49 +0530 Mon, 14 Jul 2025 15:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39738 A specified bank must compute the total income of a specified senior citizen after allowing Chapter VI-A deductions and the section 87A rebate, and deduct income-tax at the rates in force; the senior citizen need not file a return under section 139 for the assessment year in which tax is so deducted. A specified senior citizen is a resident individual aged seventy-five or more, receiving pension and only interest from accounts in the same specified bank, who has furnished the prescribed declaration; a specified bank is a notified banking company. Act-Rules Income Tax Thu, 01 Apr 2021 14:18:49 +0530 https://www.taxtmi.com/acts?id=39738